Statement by Mr. Nogueira Batista, Executive Director for Guyana and Ms. Des Vignes, Senior Advisor to Executive Director

International Monetary Fund

doi:10.5089/9781455208470.002.A005

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Guyana : Staff Report for the 2009 Article IV Consultation

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Journal Issue

Volume/Issue:: 2010/292
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: September 2010
DOI:: http://dx.doi.org/10.5089/9781455208470.002
ISBN:: 9781455208470
ISSN:: 1934-7685
Page:: 81

Guyana has weathered the impact of the global crisis well by regional and global standards. The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel. Macroeconomic policies have remained prudent. Monetary policy tightened somewhat in 2009, supporting the decline in inflation and external stability. Structural reform has continued to focus on further reducing vulnerabilities and entrenching long-term growth. The authorities have consolidated insurance and bank supervision at the central bank.

Guyana: Staff Report for the 2009 Article IV Consultation

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Statement by Mr. Nogueira Batista, Executive Director for Guyana and Ms. Des Vignes, Senior Advisor to Executive Director

Author(s):: International Monetary Fund
Published Date:: September 2010

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Guyana : Staff Report for the 2009 Article IV Consultation

Statement by Mr. Nogueira Batista, Executive Director for Guyana and Ms. Des Vignes, Senior Advisor to Executive Director

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